Goldman Sachs Group Reiterates €37.00 Price Target for ArcelorMittal (AMS:MT)

ArcelorMittal (AMS:MT) has been assigned a €37.00 ($45.68) target price by Goldman Sachs Group in a report issued on Wednesday, January 24th. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 40.79% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Barclays set a €20.00 ($24.69) target price on ArcelorMittal and gave the company a “sell” rating in a report on Tuesday, January 23rd. Deutsche Bank set a €36.00 ($44.44) target price on ArcelorMittal and gave the company a “buy” rating in a report on Friday, January 12th. Citigroup set a €36.00 ($44.44) target price on ArcelorMittal and gave the company a “buy” rating in a report on Tuesday, January 9th. Kepler Capital Markets set a €36.00 ($44.44) target price on ArcelorMittal and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley set a €27.60 ($34.07) target price on ArcelorMittal and gave the company a “buy” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of €30.49 ($37.64).

Shares of ArcelorMittal (AMS:MT) traded down €0.33 ($0.41) on Wednesday, hitting €26.28 ($32.44). The stock had a trading volume of 9,570,000 shares, compared to its average volume of 5,860,000. The firm has a market cap of $26,900.00 and a P/E ratio of 7.20. ArcelorMittal has a one year low of €17.72 ($21.88) and a one year high of €30.76 ($37.98).

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ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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